"Tech Layoffs and Stronger Economy Push Mortgage Rates Over 7% - Impact on Homebuyers"
TL;DR Summary
Mortgage rates have surged, with the average 30-year fixed rate reaching 7.04% following a sharp increase after the strong January employment report; Port of New Orleans sees a return to pre-pandemic cruise numbers with nearly 1.2 million passengers in 2023; Snap Inc. is cutting about 10% of its global workforce, or approximately 530 employees, joining the trend of tech companies announcing layoffs.
Topics:business#cruise-industry#finance-and-business#mortgage-rates#port-of-new-orleans#snap-inc#tech-layoffs
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- How a Delay in Rate Cuts Could Stifle Home Buyers Barron's
- Job market strength hurting housing affordability as mortgage rates rise Business Insider
- Mortgage rates see biggest one-day jump since last year - What it means for homebuyers TheStreet
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